LGZD Association: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LGZD Association
Largest movements
- Cash -€10,227
down €10,227 (-18.9%), from €54,126 to €43,898
mainly Other debts (-€8,353) and Trade debts (-€8,161)
- Receivables within one year +€1,313
up €1,313 (+64.5%), from €2,034 to €3,346
of which Trade receivables: +€1,300
- Tangible fixed assets -€1,185
down €1,185 (-4.4%), from €26,979 to €25,793
of which Plant, machinery and equipment: -€7,687
- Stocks and contracts +€1,014
up €1,014 (+13.2%), from €7,709 to €8,724
- Other debts -€8,353
down €8,353 (-52.7%), from €15,844 to €7,491
- Trade debts -€8,161
down €8,161 (-97.3%), from €8,388 to €227
- Profit (loss) carried forward +€7,620
up €7,620 (+16.6%), from €45,771 to €53,390
- Gross operating margin +€23,160
up €23,160 (+31.3%), from €73,887 to €97,047
- Staff costs +€20,175
up €20,175 (+41.1%), from €49,118 to €69,293
- Other operating charges +€3,334
up €3,334 (+98.7%), from €3,380 to €6,714
- Taxes +€1,997
new in 2025: €1,997
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,412 | €81,761 | -€9,650 | -10.6% |
| Fixed assets | 21/28 | €26,979 | €25,793 | -€1,185 | -4.4% |
| Tangible fixed assets | 22/27 | €26,979 | €25,793 | -€1,185 | -4.4% |
| Land and buildings | 22 | €863 | €491 | -€371 | -43.0% |
| Plant, machinery and equipment | 23 | €21,194 | €13,507 | -€7,687 | -36.3% |
| Furniture and vehicles | 24 | €4,016 | €10,124 | +€6,108 | +152% |
| Other tangible fixed assets | 26 | €906 | €1,671 | +€765 | +84.4% |
| Current assets | 29/58 | €64,433 | €55,968 | -€8,465 | -13.1% |
| Stocks and contracts in progress | 3 | €7,709 | €8,724 | +€1,014 | +13.2% |
| Stocks | 30/36 | €7,709 | €8,724 | +€1,014 | +13.2% |
| Amounts receivable within one year | 40/41 | €2,034 | €3,346 | +€1,313 | +64.5% |
| Trade receivables | 40 | €2,034 | €3,333 | +€1,300 | +63.9% |
| Other amounts receivable | 41 | - | €13 | +€13 | |
| Cash at bank and in hand | 54/58 | €54,126 | €43,898 | -€10,227 | -18.9% |
| Deferred charges and accrued income | 490/1 | €565 | - | -€565 | |
| Total equity and liabilities | 10/49 | €91,412 | €81,761 | -€9,650 | -10.6% |
| Equity | 10/15 | €50,771 | €58,390 | +€7,620 | +15.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,771 | €53,390 | +€7,620 | +16.6% |
| Amounts payable | 17/49 | €40,641 | €23,371 | -€17,270 | -42.5% |
| Amounts payable within one year | 42/48 | €40,641 | €23,371 | -€17,270 | -42.5% |
| Trade debts | 44 | €8,388 | €227 | -€8,161 | -97.3% |
| Suppliers | 440/4 | €8,388 | €227 | -€8,161 | -97.3% |
| Taxes, remuneration and social security | 45 | €16,409 | €15,653 | -€756 | -4.6% |
| Taxes | 450/3 | €9,563 | €9,053 | -€509 | -5.3% |
| Remuneration and social security | 454/9 | €6,846 | €6,600 | -€246 | -3.6% |
| Other amounts payable | 47/48 | €15,844 | €7,491 | -€8,353 | -52.7% |
| Remuneration, social security and pensions | 62 | €49,118 | €69,293 | +€20,175 | +41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,992 | €9,164 | -€828 | -8.3% |
| Other operating charges | 640/8 | €3,380 | €6,714 | +€3,334 | +98.7% |
| Gross operating margin | 9900 | €73,887 | €97,047 | +€23,160 | +31.3% |
| Operating profit (loss) | 9901 | €11,398 | €11,876 | +€478 | +4.2% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €2,370 | €2,269 | -€101 | -4.3% |
| Recurring financial charges | 65 | €2,370 | €2,269 | -€101 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €9,028 | €9,617 | +€589 | +6.5% |
| Income taxes | 67/77 | - | €1,997 | +€1,997 | |
| Profit (loss) for the period | 9904 | €9,028 | €7,620 | -€1,408 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,028 | €7,620 | -€1,408 | -15.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.